Development Bank of Nigeria Entrepreneurship Training Program 2024 is ongoing. The Development Bank of Nigeria (DBN) invites applications for the 2024 Development Bank of Nigeria Entrepreneurship Training Program.

The annual DBN Entrepreneurship Training Programme (DBNETP) is the flagship programme of the Development Bank of Nigeria and is currently in its 5th Cycle. Capacity building is a core mandate of the Development Bank of Nigeria. So far, the Bank has trained over 2000 MSMEs across Nigeria digitally and physically, leveraging partnerships and the DBN Learning Management System (LMS).

The Development Bank of Nigeria (DBN) was conceived by the Federal Government of Nigeria (FGN) in collaboration with global development partners to address the significant financing challenges facing Micro, Small and Medium Scale Enterprises (MSMEs) in Nigeria.

Applications are invited for:

Table of Contents

Title: Development Bank of Nigeria Entrepreneurship Training Program

Location: Nigeria

About the DBN Entrepreneurship Training Programme

Objectives

The annual DBN Entrepreneurship Training Programme aims to achieve the following objectives:

Ensure MSMEs have the skills and competencies to defend sound and viable business proposals.
Improve the Capacity of MSMEs to access available credit.
Improve the capacity of MSMEs for efficient funds utilization, trade, investments and access to markets.

Target Audience:

This is open to all Nigerian MSMEs across any sector interested in acquiring the proper knowledge needed to succeed in doing business in Nigeria.

Training Format:

The programme takes a blended learning format approach of virtual and physical training.

Virtual Training: The Virtual training is a self-paced comprehensive curriculum of the fundamental business principles broken down into nine modules and will be implemented using the DBN learning management platform of the BizAid App.
Onsite Training: This is a 5-day intense practical training, and the curriculum is based on a needs assessment of the shortlisted businesses. Three hundred fifty companies will be shortlisted for this to be trained in Lagos, Abuja and Port Harcourt.
Pitching Session: All businesses will be eligible to pitch their business value proposition, and 25 companies will be selected to receive grant funding of N500,000 each.

DBN Entrepreneurship Training Programme Process Flow

All applicants must register on the DBN BizAid application.
All applicants must complete at least four mandatory courses on the BizAid Learning management platform and obtain an average score of 70% on all quizzes. The courses that must be met are:
- Accounting & Bookkeeping,
- Sustainability for MSMEs,
- Marketing and Sales Techniques,
- Credit Management/Access to Finance.
All businesses that have completed the four courses by the stipulated deadline will receive an email with a link to apply for the face-to-face training.
Upon submission of the application form, an email confirming receipt will be sent to the applicant within 24 hours.
Applicants will be screened and shortlisted from the close of the application based on the eligibility criteria.
Selection will be carried out using the defined selection criteria from the pool of shortlisted applications.
Communication with successful applicants shall be by email to the email address provided and a phone call to the phone number provided on the application form.
Training will commence on announced dates consecutively in Abuja, Lagos and Port Harcourt.

Eligibility Criteria | DBN Entrepreneurship Training Programme.

All applicants shortlisted for the onsite training must meet the below minimum eligibility criteria:

The owner of the business must be 18 years and above.
The business owner must be a citizen or legal resident of Nigeria.
The company must be based in Nigeria.
The company must be for-profit from any sector.
Applicant must be available to commit to the training schedule once accepted.

Selection Criteria:

Bankability- Level of readiness to access credit.
Feasibility and Sustainability of the business model.
Scalability- Demonstrates potential for growth of business to create jobs.

Key Dates

Activity / Start Date – End Date

Registration and online training on the DBN Biz Aid / 06-May
Application process for face-to-face training / 10-Jul – 17-Jul
Selection and announcement of shortlisted participants for the face-to-face training / 24-Jul – 25-Jul
Face to Face training in Abuja / 31-Jul – 04-Aug
Face to Face Training in Lagos / 14-Aug – 18-Aug
Face to Face Training in Port Harcourt / 25-Aug – 01-Sep

Application Closing Date
Not Specified.